The “Magnificent Seven” tech stocks surged after the Federal Reserve’s interest rate cut. The Roundhill Magnificent Seven ETF rose 1.1% in premarket trading, led by Nvidia’s 3.2% gain and Alphabet’s 1.2% climb. Microsoft, Apple, Amazon, Meta Platforms, and Tesla also saw gains following the Fed’s decision to lower borrowing costs.

Read more at Barron’s: Magnificent Seven Tech Stocks Rally After Fed Rate Cut